Comments for auto-disable single-use smart syringe | disposable automatic retractable safety syringe reduce needlestick injuryhttps://lommedical.com
Wed, 02 May 2018 14:40:37 +0000hourly1https://wordpress.org/?v=4.9.6Comment on Raising new capital: The facts by Debbie Ulanskyhttps://lommedical.com/equity-raised/?pk_campaign=feed&pk_kwd=equity-raised/#comment-66
Wed, 02 May 2018 14:40:37 +0000https://lommedical.com/?p=6368#comment-66Dear Mr. Bergen,
Thank you for your inquiry. Last years AGM was held on July 4th 2017.
A date has not yet been determined for 2018.
Once the date has been set and the details of location and time are arranged, an announcement will be made through mail, email and posted on the website.

Best Regards,
Debbie Ulansky

]]>Comment on Raising new capital: The facts by Brian Bergenhttps://lommedical.com/equity-raised/?pk_campaign=feed&pk_kwd=equity-raised/#comment-65
Wed, 02 May 2018 14:02:29 +0000https://lommedical.com/?p=6368#comment-65Dear Sir or Madam

Do you have a estimated date for the next AGM?
That would be nice to know.

Thank you for your very supportive message. I am doing everything possible to make this company realise its true potential.

I agree – previous history and false legal claims have injured the business for many years. I am hopeful these days are over and if we rally around trying to do something positive for the world and for the business we will succeed.

Thank you for your posts, I also have been a long time Share holder lets say 21 years worth.
I I am very pleased you are responding to share holders in a public forum such as this blog, and the honesty in regards to share dilution.
the highest share sale I had heard of in the past was $3.25 USD. this current sale of $3.00 USD does not upset me, as several years ago I was convinced the company was gone and so was the investment and now I see my Investment is still here. Very Important to me is that the company continue with the honest answers to questions. total transparency.
I know you all will be challenged with that considering the current legal situation(s).
it has been mired in legal conflict for many years and is the real reason why no progress was made for so long.
as a long time share holder seeing the positive direction made by the current Board of Directors and now that includes yourself. there is a high mountain to climb to get 100% share holder support, but from recent posts here having 75% and higher tells that the Share holders are behind this Company and we all want it to succeed and to me that means it has to defend itself from false accusations and claims.
I as a share holder Support you and the Board of Directors and this company so that you all can deliver high returns for us. Much Higher than what we were first told as I am sure all shareholders feel there is Compound interest we should see built into the value for so many years.

“…the actual money will be raised through diluting shares,I don’t want to appear,contrary,but what is the real truth??? Ps Why the quiz????”

You are right to point out that by issuing additonal shares of stock, earnings per share or the book value per share declines. But without additional capital we would not be able to pay off our loans, other commitments and get FDA clearance.

Hence, without giving this investor some shares, things would be awkward.

As people will understand, in order to make sure the company has enough working capital, we have had to issue new shares to a new investor.

Having approached many shareholders, the overwhelming sentiment was that existing shareholders would not put up the required additional capital and further that they wanted to keep their shares in LOM.

I look forward to discussing this all in great detail at the next AGM – details of which will be sent in due course.

Thanks so much for your positive feedback.
Yes I will get this project moved forward. But we have come a long way since 2014.
Our next aim is to get the FDA clearance once we have finally secured this financing.
Best regards,
Guy

]]>Comment on Raising new capital: The facts by Guy D. Reynoldshttps://lommedical.com/equity-raised/?pk_campaign=feed&pk_kwd=equity-raised/#comment-58
Fri, 27 Apr 2018 05:10:56 +0000https://lommedical.com/?p=6368#comment-58Dear Mr Muller
Thanks so much for taking the time to stop by and comment on my blog entry.

Yes we are striving to get our smart syringe to market as fast as we can. We are making progress and getting ready to submit to the FDA for obtaining clearance.
Thereafter we have plenty of work to do regarding roll out of this product.

I will try to keep you posted about our progress on our website. Hence, if you have not done so already, please subscribe to our newsletter to get the latest updates via e-mail.